No Deposit Bonus : SlotsLv casino currently is offering everyone a $22 no deposit bonus. New Players Only. Fully Cashable. USA and Canadian Players are welcome. Please see our SlotsLv review page for the no deposit bonus info. SlotsLv Review
Best USA Casino Bonus
Big Casino Bonus : All USA Players Welcome: Bovada Casino the #1 USA Online Casino offering all new signups a $3000 table game and slots bonus + weekly cash back. All new accounts qualify thru our link. No codes needed. For full bonus information please see our Bovada Bonus review.
MAJOR DROP IN CENTREBET PROFITS
Posted 2/23/11 : But increased marketing-spend will reap benefits going forward
The Australian betting group Centrebet has released a set of results for the half year ended December 30 2010 that will likely not be well received by investors due to a decline of 70 percent in net profits, mainly attributed to a marketing splurge of A$1,9 million more than was invested in this activity in H1 2009.
Justifying the expenditure, managing director Michael McRitchie said he expected the additional marketing to be reflected in improved second half results.
Despite the decline in profits, other key indicators of the company's performance were promising, and included:
* Underlying Australian revenue growth of 25 percent to $25.5 million;
* Net profit after tax of A$2.5 million;
* Project Rocket initiatives delivering strong results with Australian new depositing clients up 92 percent and Australian total active clients up 46 percent;
* Strong performance from TAB Fixed-Odds Management Services (FOMS) contracts, with revenues up 57 percent;
* Strong balance sheet maintained with $9.3 million surplus cash;
* Continued Australian market share growth with online revenue up 23 percent to A$24 million;
* Lower than budgeted client acquisition costs;
* Average revenue per client in-line with expectations;
* Strong TAB FOMS performance with revenues up 57% to $1.5 million.
The pleasing performance of Centrebet’s Australian operations was partially offset by a decrease in the performance of its European operations. On a constant currency basis the European net contribution declined by A$2.6 million, driven mainly by a decline in online casino and poker revenue and higher banking costs in Norway.
Centrebet continues to focus on its core Norwegian, Danish and Greek markets with an emphasis on improving cash generation from these markets, management noted. Casino and poker revenues stabilised in October 2010 and have shown improvement since then.
The company's chairman, Graham Kelly, said: “In this result we are starting to see the early gains we have made from our 5 Year Strategic Plan to place greater focus on the Australian market.
"Turnover, revenue, client numbers and market share have all grown. Our customers are responding well to Centrebet’s new products, our marketing initiatives are delivering results and we have made a good start towards achieving our longer term objectives.”
Centrebet managing director, Michael McRitchie, said: “In the coming months we expect to see the benefits of our increased marketing spend flow through to a stronger second-half. Centrebet’s exciting new racing and mobile telephony products which will be launched in the coming months should also contribute to further growth”.
Limited time offer for all our Readers. All Countries. A brand new No Deposit Bonus. No Max Cashout. Claim It Here.
Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
Please Note : Gambing might not be legal in your area. We bring you www.recentpoker.com as an information and gambling news site only. We hope that you find all the information and gambling news found in www.recentpoker.com to your liking. Please tell your friends about us and visit us again soon.